Published on 11/3/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.02 million capped return enhanced notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Nov. 3 – JPMorgan Chase & Co. priced $1.02 million of 0% capped return enhanced notes due Feb. 3, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 23.5%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,017,000
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Maturity: | Feb. 3, 2016
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 23.5%; via investors will be fully exposed to any losses
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Initial index level: | 3,022.42
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Pricing date: | Oct. 29
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Settlement date: | Nov. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48127DM88
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